Corporatedge, a leading provider of serviced office space has recently unveiled its new and premium office in the heart of Delhi i.e. Connaught Place. Located on KG Marg, the office space is situated within the premises of Hindustan Times House. This is the fourth office space by the company in Delhi-NCR with the other three already located in Gurgaon.
The Delhi- center comprises of around 200 seats and the 25000 sqft space is leased out at a cost of Rs 10 crore. The center will be well-suited for MNC’s, SME’s, project offices, liaison offices, BFSI, defence and legal Counsels, as it is situated in the central Delhi and is close to all Government offices, Supreme Court and High Court.
Giving more information on the above, Corporatedge Founder and CEO Mona Shukla said, “Our new office space is located in central Delhi. With this center, we will now be operating a total of 4 business centers with around 800 seats and area of one lakh sq ft,”
She further informed that till date the company has invested about Rs 40 crore to develop these 4 centers. Of these most of the funding was through internal accruals, while we raise around 15 crores from SIDBI Venture Capital Fund in 2017. We charge around Rs 22,000 to Rs 50,000 per seat per month from the other companies or startups.
Corporatedge is also planning to expand its business in other South cities like Bengaluru, Chennai, Hyderabad and North Cities like Pune and Mumbai. They are also planning to expand it legs to international coworking market Dubai. All these expansion plans will be completed in next three years.
At present, the group will be opening soon their fifth center in Bangalore with a seating space of over 400 seats.